Ogier advises SPAC Cayson Acquisition Corp on US$60 million Nasdaq IPO

Ogier's Corporate team in Hong Kong acted as Cayman Islands counsel to Cayson Acquisition Corp on its US$60 million initial public offering on Nasdaq.

The special purpose acquisition company (SPAC), which is incorporated in the Cayman Islands, completed the initial public offering (IPO) of its 6,000,000 units. Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination, at an offering price of US$10 per unit on 23 September 2024.

The units issued by the company started trading on the Nasdaq Global Market under the ticker symbol CAPNU.

Ogier's Corporate partner Florence Chan led the team, with support from the firm's global head of Corporate, Nathan Powell, and paralegal Jenson Ng.

EarlyBirdCapital, Inc. acted as the book-running manager for the offering and Revere Securities acted as co-manager for the offering.